Aug 24 (Reuters) - U.S. stocks staged a dramatic recovery
off their lows on Monday, helped by a turnaround in Apple's
shares, but the three main indexes remained in or within
spitting distance of correction territory amid fears China's
growth is slowing.

The Dow Jones industrial average - which fell into the
correction zone on Friday - briefly slumped more than 1,000
points, its biggest point-drop ever. At midday, the Dow was down
about 243 points or 1.48 percent as bargain hunters stepped in.

The Dow has never lost more than 800 points in a day.

"The U.S. fundamentals are strong and just as confidence can
go away, it can come back pretty quickly if the fundamentals are
sound," said Brad McMillan, chief investment officer for
Commonwealth Financial Network in New York.
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